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Modine Manufacturing MOD Asia — Goodwill Adjustments

Discontinued — last reported Q4 '18

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Other financials

Income statement

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Revenue$954.4M+47.5%
Gross profit$214.7M+29.3%
Operating income$103.9M+39.5%
Net income$73.3M+47.8%
EPS (diluted)$1.36+46.2%

Balance sheet

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Cash & equivalents$73.5M+2.7%
Total debt$538.5M+32.2%
Total equity$1.2B+31.2%
Total assets$2.7B+39.5%

Cash flow

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Operating cash flow$194.9M+256%
CapEx$42.1M+52.0%
Free cash flow$152.8M+464%

Valuation

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Market cap$15.71B+183%
Enterprise value$16.17B+172%
P/E129.3×+99.1×
P/S4.9×+2.8×

Profitability

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Gross margin23%-1.9pp
Operating margin10.8%-0.2pp
Net margin3.8%-3.3pp
FCF margin3.3%-1.7pp

Returns & leverage

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Return on equity11.5%-10.7pp
Debt / equity0.5×0.0×
Current ratio1.9×+0.2×

Where this comes from

Reported directly by Modine Manufacturing in its filing.

Tagged under the XBRL concept us-gaap:GoodwillTranslationAndPurchaseAccountingAdjustments.

The official record: Modine Manufacturing’s 10-K, filed May 24, 2018, on SEC EDGAR. View the filing →

Questions, answered.

What does asia — goodwill adjustments mean?
This metric tracks the net adjustments to goodwill within the Asia segment resulting from both foreign currency translation and specific purchase accounting refinements. It captures the periodic revaluation of acquisition-related assets as accounting estimates are finalized or as currency environments shift. This provides transparency into the volatility of intangible asset valuations within the segment.